Vail Resorts announces layoffs as part of two-year ‘transformation plan’

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Vail Resorts announces layoffs as part of two-year ‘transformation plan’
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A longtime professional doer of internet things, Landon has been the digital director at Denver7 since January of 2023, after four years as an executive producer at the station.

Vail Resorts, which operates five Colorado ski resorts, announced on Thursday it will lay off 14% of its corporate workforce as part of a two-year plan to “transform the company.”The company says the layoffs will affect less than 1% of operations employees and 2% of its total workforce. Vail Resorts has more than 40,000 employees, according to the industry research database IBISWorld.

It was not clear in Thursday’s announcement how many employees in Colorado would be impacted by layoffs. The company is headquartered in Broomfield but has corporate workers in remote positions and stationed outside of Colorado.The announcement of layoffs comes as Vail Resorts reported a loss of $175.4 million in its fiscal fourth quarter, according to The Associated Press.The results fell short of Wall Street expectations.

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